Telemedicine Kiosk Market: Current Analysis and Forecast (2023-2030)

Report Description

The telemedicine kiosk market was valued at USD 1320.04 million in the year 2022 and is expected to grow at a strong CAGR of around 17.8% during the forecast period owing to the Integration of AI and virtual assistants, IoT-enabled vital sign monitoring, and personal health records (PHR) integration. Moreover, the Self-administration kiosk assumes an urgent part in the emergency clinic by introducing a well-being ATM introduced in the institution which helps in reducing expenses by using paper, structures filling, and heaps of desk work moving to get patient data in view of self-registrations. Furthermore, it empowers medical attendants to invest more energy in understanding consideration and less time on office work. Thus, the adaptation of the well-being booth will uphold market development. For example, as per HealthEC, LLC report 2021, the Alliance for Integrated Care of New York’s (AICNY) ongoing spending declined by 6% all through the year’s initial 3/4. The establishment of tele-emergency booths decreased trauma center visits by 11% and medical clinic confirmations by 7% in bunch homes for grown-ups with scholarly and formative handicaps. 80% fewer patients who use telemedicine booths should go to the trauma center. Consequently, the market is supposed to build up momentum because of the huge expansion in the usage of medical kiosks.

Some of the major players operating in the market include Schneider Electric; Siemens; ABB; Samsung; Honeywell International; Robert Bosch GmbH; LG Electronics; ASSA ABLOY; ACUITY BRANDS, INC.; and Cisco Systems, Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst application, the vital sign monitoring category dominated the market in 2022.”

Based on application, the market is bifurcated into vital sign monitoring and teleconsultation. Amongst these, the vital sign monitoring category dominated the market in 2022. This is due to its transformative impact on remote healthcare. The integration of IoT-enabled devices for real-time monitoring of key health metrics, such as heart rate, blood pressure, temperature, and oxygen saturation, directly addresses the need for comprehensive virtual healthcare. Also, by enabling patients to self-measure and transmit their vital signs to healthcare providers through telemedicine kiosks, medical professionals can make well-informed decisions remotely. This real-time data exchange empowers timely interventions and supports ongoing care management, particularly for chronic diseases, post-operative follow-ups, and routine check-ups which will drive the growth of the segment.

“Amongst end-user, the hospitals category captured the majority share of the telemedicine kiosk market in 2022.”

By end-user, the market is segmented into hospitals, community centers, and pharmacies. Among these, the hospitals category captured the majority share of the telemedicine kiosk market in 2022. Hospitals are embracing telemedicine kiosks to extend their reach beyond physical boundaries. These institutions recognize the value of telemedicine kiosks as strategic tools to enhance patient care, streamline workflows, and optimize resource allocation. By integrating telemedicine kiosks within hospitals, healthcare providers can offer a seamless continuum of care. Also, patients can conveniently access virtual consultations, specialists, and diagnostic services, all within the hospital’s ecosystem. Moreover, the hospital category’s dominance is driven by the potential to alleviate the strain on in-person facilities, reduce waiting times, and enhance operational efficiency.

Telemedicine Kiosk Market Report Coverage

“North America Dominated the Telemedicine Kiosk Market in 2022”

North America’s telemedicine kiosk market is experiencing robust growth driven by various factors. The region’s well-established healthcare infrastructure, coupled with the rising demand for convenient and accessible healthcare services, is propelling the adoption of telemedicine kiosks. The expansion of telehealth offerings by established healthcare providers and institutions is contributing to market growth. In the U.S., the significant impact of the COVID-19 pandemic has accelerated the acceptance of virtual care solutions, leading to increased investment in telemedicine kiosks. Furthermore, the prevalence of chronic diseases and the need for regular monitoring and follow-ups are driving the demand for telemedicine kiosks, which offer convenient vital sign monitoring and consultations. The region’s technological innovation, high smartphone penetration, and favorable reimbursement policies are also fostering a conducive environment for the growth of the telemedicine kiosk market in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Telemedicine Kiosk Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Telemedicine Kiosk Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Telemedicine Kiosk Market were the three major steps undertaken to create and analyze the adoption of smart homes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Telemedicine Kiosk Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Telemedicine Kiosk Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Telemedicine Kiosk Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Telemedicine Kiosk Market. Further, we conducted factor analysis using dependent and independent variables such as application and end-user of the Telemedicine Kiosk Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Telemedicine Kiosk Market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Telemedicine Kiosk Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Telemedicine Kiosk Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Telemedicine Kiosk Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Telemedicine Kiosk Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the application and end-user in the global Telemedicine Kiosk Market.

The main objective of the Global Telemedicine Kiosk Market Study

The current & future market trends of the global Telemedicine Kiosk Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Telemedicine Kiosk Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the application and end-user.
• Define and analysis of the regulatory framework for the smart home
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Telemedicine Kiosk Market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Telemedicine Kiosk Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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